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In the broadcast today: EUR & USD: Risk Appetite Returns, but Will It Last? In light of the positive news from the Euro-zone, we
examine this morning's return of risk appetite and continue to monitor how risk appetite/risk aversion dynamics still drive the direction for the EUR, the USD and other major currencies, we analyze the corrective price move for the EUR/USD that may see the pair targeting an important short-term resistance level and explain the future consequences of a potential bullish breakout above that level for the EUR vs. USD, we take a look at the price corrections in the GBP/USD, USD/CAD, AUD/USD and NZD/USD currency pairs, we
highlight the market's reaction to the latest sovereign debt news from Europe, the U.K. BRC Retail Sales and RICS House Price Index, and the U.S. Wholesale Trade and Inventories, we discuss new
forecasts from Citigroup and Royal Bank of Scotland, and prepare for a sequence of important
economic data scheduled for release in the trading session ahead.
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